No. There are self proclaimed math geniuses on here who have taken more math than I have but have proven incompetence in accounting &/or economics &/or finance &/or business law.
The tweet is rather cryptic, and the article sheds little light on how employee fraud could cause a $1.2B scam involving $10M of Bolt’s money. Puzzling how they can move that much money without being trackable, even with crypto and such. Do we know more details about the scam?
He used a boutique investment firm in Jamaica called SSL with 8,000 clients. $10 million represents about 4% of their total investments under management. Sounds like a member of the firm basically robbed him. Probably transferred the money to an offshore account or crypto account and left the country. I guess more will come to light in the coming days. A bit more like Bernie Madoff than most of the other athletes on my list that basically just blew their money. I don't know enough about Jamaican banking to know if the investment firm was reputable by their standards, or if he was simply using a friend to handle his money.
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